Blum Holdings Inc (BLMH)

[Magnum7419]

Selling, General and Administrative Expenses



Selling, general and administrative expenses for the nine months ended September 30, 2019 were $31.65 million, compared to $26.00 million for the nine months ended September 30, 2018, an increase of $5.64 million or 21.7 percent. The increase was primarily due to (i) a $1.68 million increase in depreciation expense, (ii) a $1.67 million increase in stock options expense related to employee bonuses, (iii) a $0.76 million increase in marketing/advertising expense, (iv) a $0.73 million increase in legal expense, and (iv) a $0.41 million increase in employee compensation.